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31-02-019G
<br />This form is used in conttec-
<br />1 lion with rnortgages insured
<br />lYIORTGAGE trnaer the one- to four-family
<br />provisions of the National
<br />7~- 0()~fi26 Housing Act.
<br />THIS MORTGAGE, made and executed this 30th. day of August ,A.D.
<br />19 79 ,by and between Michael H. Biggins and Connie K. Biggins, Husbands Wife
<br />of the County of Hall ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and MORTGAGE PLUS INCORPORATED
<br />a corporation organized and existing under the laws of the United States of America
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and inconsideration of the sum of Twenty Six Thousand Five Hundred
<br />and OC~//100ths---------------°---------------°----Dollars ($ 26 , 500.00 ), Paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, is uccessors and assigns, forever, [he following-described
<br />real estate, situated in the County of ~al~ ,and State
<br />of Nebraska, to wit:
<br />Lot Four (4), in Block Five (5) of Koehler Place, an Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />Also known and numbered as:
<br />256 S. Pltun -Grand Island, NE 68801
<br />of the Sixth Principal Meridian, containing in aIl City Property acres according to Govern-
<br />mentsurvey:
<br />T!t Lr a V F ANh T(1 H(ll h rho nrwmicnc ahnv,. ,tp~~ rihe,{ with All the :IRPUrIC nanCel thelenmu btlanging and In(:lUding
<br />alt heating, plumbing and lighting fixtures and equipment m,w or hereafter attached to or used in connection. with said rtai estate
<br />Unto the tt4artgitgte, and fa t25 sUCCea3ar3 and aSSlgnS, fareveT. The MaF[gagar Tepre3t'nt3 ti7, and c'OVenanTi watt, the Mortga-
<br />gee, that the Mortgagor has gaud right to sett and convey said premises; that they are free from encumbrance; and that the
<br />Mortgagar will warrant and defend the saint against the lawful ct~ims of ail persons whomsoever; and the said Mortgagor here-
<br />by retincluishes alt rights of homesteaJ. and all martiaf rtghts, either iu tau- at in equity, and alt other contingent interests of the
<br />Mortgigor in and to the atwve•described premises, the intention being to convey hereby an absolute title, in tee simple, includ-
<br />ing alIrights of homestead, and other rights and interests as aforesaid.
<br />PRQVIDED Al,WAI'S, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgatee, or order, the principal sum of 'ltventy Six Thousand Five Hundred
<br />and 00/l0pths---•---------------------Dollars ($ 26 , 500, 00 1. with interest from
<br />date al the rate of Ten per centum ( 10 , 00 ~~t per annum on
<br />the unpaid halance umil paid. The said principal and interest shall he payahe at the uflice o[ Mortqaae Plus Incorporated
<br />in Englawood, Colorado , of at such other place as the holder vt
<br />the note may dexignatr in writing, in nxrothly installmrnu of Two Hundred fifty Five and 99/100ths--------
<br />__.._....___________..____________ pullars ((3 255.99 1• rommendingun the first day of
<br />October , 19 79, and un the first dtty a! each month thereafter until the principal and im
<br />latest are fully paid, except that Iht float payment of rincipal and interest, i[ not sooner paid. ,hull be due and
<br />payable nn the hrst day of September, 1999 ;all according to the tams ut a certain promis-
<br />sory note of auto date herewith executed by the said Mortgagor.
<br />1'ht Martg:+gor iu order more (oily to protect the stcttrity of this tturigagt, agrees:
<br />I. 'that he will pay the indebtedness, as hereinlxfort prus°ided, Privilege is reserved to pay the debt in whole, ur in an
<br />amount equal to ant or more monthly payments on the principal that are next due un the putt, un the lira d,+y ui any month
<br />prior to maturity: 1'rovedtd, however, That written nmiec o[ an intention a+extrcise such priviitgt is given ut Itast thirty i~t)1
<br />days prior to prepayment.
<br />2. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />note secured hereby, the Mortgagor wilt pay to the Mortgagee, on the first day of each month unfit the sai8 note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to provide the balder hereof with funds to pay the Hex[ mortgage insurance premium if dris
<br />instrument and the oats secured hereby are insured, or a monthly charge (in lieu of a mr~rrggge insurance pre-
<br />mium) if they art held by the Secretary of Housing and Urban Development, as follows:
<br />(1) If and so tong as said Holt of even date and this instrument art insured ur are reinsured under the pru-
<br />visians of the :~ationa! Housing Act, an amount sufficient ro accumulate in the hoods of the holder one
<br />STATE OF NEBRASKA
<br />P-evious Edhions are Obsolete p r+n --2 [ aaM I t U~771
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